Enhancing India-UAE Relations: Modi's Visit and Bilateral Agreements
By Emily Turner
Published February 14, 2024
Prime Minister Narendra Modi's recent two-day visit to the United Arab Emirates (UAE) aimed at promoting new areas of collaboration and strengthening bilateral ties.
Bilateral Agreements and Investments
During the visit, India and the UAE signed several agreements covering digital payment infrastructure, logistics, and other key areas. This included the sealing of a bilateral investment treaty to bolster trade ties, following the signing of a Comprehensive Economic Partnership Agreement (CEPA) in 2022. The CEPA led to a significant increase in non-oil trade between the two countries, reaching $85 billion in the 2022-23 financial year.
India-UAE Economic Corridor and Digital Infrastructure Projects
Additionally, New Delhi and Abu Dhabi inked an intergovernmental framework agreement on the proposed India-Middle East-Europe Economic Corridor (IMEEC). They also signed pacts on digital infrastructure projects and payment platforms, reflecting a commitment to cooperation in various sectors.
Inauguration of Abu Dhabi's First Hindu Temple
Modi's visit also marked the unveiling of Abu Dhabi's first Hindu temple, constructed at a cost of $84 million. This landmark project, spread over 27 acres of land, is seen as a celebration of UAE-India friendship, deep-rooted cultural bonds, and the UAE's commitment to harmony and peaceful coexistence.
Other Areas of Discussion
The visit included discussions on boosting India’s public diplomacy and outreach to its diasporas overseas, as well as furthering ties with Qatar, following the release of Indian navy veterans and a significant LNG deal.
Conclusion
Modi's visit to the UAE is a significant step in strengthening the relationship between the two countries, with a focus on enhancing cooperation across various sectors and celebrating the cultural ties that bind them.
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